Bitcoin Uptrend move continues with 18,000usd target!!!!

If we look into fibonanci tool, its observed that price break through 38.6% fibonanci retracement from the time high of 19xxx$.

Since then the next expected target is 50% retracement level which is at 11,500$. if price manage to break this level up then next fib level ahead is around 13475$ which equivalent to 61.8% fib retracement level from all time high.

Meanwhile, Based on Elliot wave analysis, and I mean this by my personal count I see BTC making its strong impulsive waves where wave 1-4 is completed and with the look of thing we are presently on wave 5 which I projected to have 5 sub-waves.

From the Primary wave (4), Another set of wave cycle is observed which is for sub wave (i) of wave 4, I believe this small sub waves represent major sub-wave 1 of wave 5. If this is correct then we should follow with a retracement which should be minimum of 23.8% fib level and max of 61.8% fib level respectively which represent prices with

23.6%= 10470$
38.2%= 9895$
61.8%= 8965$

All the above level are my watch level for possible retracement target before next impulsive wave that will take us towards 13450$ to 14750$ which is my projected sub-wave iii target of main wave 5 of the whole impulsive move.

Note:

We must not forget to have backup plan should in the case BTC refused to retrace.

Our Plan B will be to have an order ready above the present high at 11510$ and if the level breakup, the next target will be 11865 towards 12,500$.

I hope this market update will be useful for your trading decision.

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Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

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Please keep an eyes to the Diamond top pattern, any break above it invalidate the drop view.

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Serious Bullish outlook from both Fibonancii channel and Wedge.

This really look serious guys for those that know how they operate.

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We are still on sub-wave 1 of wave 5 with the last leg of the sub-wave1 having ending diagonal move which should terminate towards 11600$-11900$.

Major correction is expected after the completion of this wave length.

Fingers crossed.

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I discovered a very interesting trendling perfectly acting on 50% retracement from all time high. This will surely push some hard level for BTC at this present price.

let keep close eyes on it.

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One of my previous post has really been nailing down on BTC, I made this call first. 12k is almost here we are almost there.

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NExt lines of resistances are shown with green lines

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Everything pointed to next target at 18k

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交易結束：目標達成